Stock market crashes had occurred in the financial market since the very beginning and in every generation. aGreed, hubris and systemic fluctuations have given us the Tulip Mania, the South Sea bubble, the land booms in the 1920s and 1980s, the U.S. stock market and great crash in 1929, the October 1987 crash, to name just a few of the hundreds of ready examplesa. This essay will compare and contrast the last three major stock market crashes in 1987, 2000 and 2007. To do this, the essay will pay special emphasis on the causes of the three crashes. From there the essay will draw out the similarities and differences and will answer the question if boom and bust can be predicted.Black. Monday. The stock market crash in 1987, which is also called Black Monday, took place on Monday, October the 19th 1987. During that single day the Dow Jones Industrial Average (DJIA) had plummeted by 22.6% (Hubbard, 1991).
|Title||:||The last three Stock Market Crashes. Can Boom and Bust be predicted?|
|Publisher||:||GRIN Verlag - 2015-02-10|